Dawson Geophysical Co (NASDAQ:DWSN) Given Average Rating of “Buy” by Brokerages

Dawson Geophysical Co (NASDAQ:DWSN) has earned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports.

Zacks has also assigned Dawson Geophysical an industry rank of 237 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine upgraded Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of NASDAQ DWSN traded down $0.06 during trading on Friday, hitting $2.49. 10,400 shares of the company were exchanged, compared to its average volume of 96,787. The company has a fifty day moving average price of $2.17 and a 200-day moving average price of $2.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $57.59 million, a PE ratio of -2.33 and a beta of 1.15. Dawson Geophysical has a 12-month low of $1.90 and a 12-month high of $5.58.

Dawson Geophysical (NASDAQ:DWSN) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.25. The business had revenue of $36.98 million during the quarter. Dawson Geophysical had a negative return on equity of 18.67% and a negative net margin of 15.16%.

Several institutional investors and hedge funds have recently made changes to their positions in DWSN. Pinnacle Associates Ltd. boosted its stake in shares of Dawson Geophysical by 238.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 34,080 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 24,000 shares during the period. Teton Advisors Inc. boosted its stake in shares of Dawson Geophysical by 9.4% in the 3rd quarter. Teton Advisors Inc. now owns 70,000 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 6,000 shares during the period. Paloma Partners Management Co purchased a new position in shares of Dawson Geophysical in the 2nd quarter valued at about $209,000. Shepherd Kaplan Krochuk LLC boosted its stake in shares of Dawson Geophysical by 256.1% in the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 92,000 shares of the oil and gas company’s stock valued at $230,000 after buying an additional 66,167 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in shares of Dawson Geophysical by 29.5% in the 2nd quarter. Moors & Cabot Inc. now owns 93,263 shares of the oil and gas company’s stock valued at $237,000 after buying an additional 21,262 shares during the period. Institutional investors and hedge funds own 59.62% of the company’s stock.

About Dawson Geophysical

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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